Refinery Exports Attain New Monthly Excessive

Refinery Exports Attain New Monthly Excessive

Gross inputs in November 2014 rose by 0.9 p.c from last 12 months to average 16.Three million barrels per day, whereas exports have been up 5.5 % to common four.2 million barrels per day.

With many plants back on-line after their scheduled turnaround, the API put the overall refinery capacity utilization charge at a median of 91.4 percent in November. This was up 2.6 proportion factors from October, up 0.Eight share points from November 2013, and was the best November price in 10 years.

Meanwhile, imports of refined products dropped 27.3 percent yr-on-year to the bottom degree since May 1995 at 1.4 million barrels per day.

Complete U.S. petroleum deliveries last month reached a seven-yr high, increasing by 1.9 percent from November 2013 to common 19.9 million barrels per day. At the identical time, total petroleum imports have been down by 5.2 p.c from November last year, averaging just under eight.9 million barrels per day the second lowest stage since February 1996.

Welcoming the uptick in U.S. manufacturing and deliveries, API chief economist John Felmy mentioned: “It has been several years since we’ve seen this stage of demand in November. The financial system general appeared to be in good shape last month, and manufacturing of crude, pure gas and refined products all remained fairly sturdy.”

Earlier this month, the U.S. Power Data Administration (EIA) stated that U.S.